There is a lack of new office buildings in Manchester. To satisfy the high demand for office space in Manchester, a series of refurbishments opening this summer will boost the number of available offices.
There are just over 1.4 million square feet of new office space under construction, which is not enough to satisfy the high demand for office space in Manchester. This is why landlords are looking at converting existing buildings to office space.
Amongst recent refurbishments are the Queens House in Deansgate and a building at 60 Fountain Street. The Queens House project will provide office suites of between 2,980 square feet to 19,155 square feet. The Fountain Street development will provide another 16,300 square feet of office space.
A new refurbishment has been announced at 24 Mount Street, the former London Scottish Bank headquarters. This will add another 48,160 square feet of space when completed.
Some old buildings that house outdated office space are being refurbished to the modern standards required by businesses. Workers no longer want to work in dull environments. Rentalcars.com, a global leader in car rental services, recently spent £2.7 million refurbishing their offices in Quay Street. They hired some of Manchester’s best artists to help design the offices. Their canteen recreates the famous Manchester Hacienda night club. The top floor contains a beach with beach huts and Starbucks coffee.
With a combination of new office space and refurbishments, developers are keeping up with the demand for office space in Manchester.